News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Turbopuffer reaches USD 100 million ARR in 19 months
On 2026/5/24, X reported that US search infrastructure company Turbopuffer had reached USD 100 million ARR within 19 months, while cumulative funding remained below USD 1 million.
Viktor has approximately 2,000 high-value paying customers
On 2026/5/24, X reported that US AI company Viktor had approximately 2,000 high-value paying customers, but the source did not disclose an ARR or annual revenue amount.
Modal reaches USD 300 million in ARR
On 2026/5/23, Modal reported that Modal disclosed annual recurring revenue (ARR) of USD 300 million in the AI Infrastructure sector.
Weifan Intelligence raises hundreds of millions of RMB in seed financing
On 2026-05-23, according to Xiniu Data, Weifan Intelligence completed seed financing, raising hundreds of millions of RMB. Investors were co-lead investor Zhongguancun Capital, co-lead investor Qihang Investment, Shanghai Weilai Industry Fund, Shixi Capital and others. The company is a developer of embodied intelligence fusion chips.
Daka Robotics raises an undisclosed amount in equity financing
On 2026-05-22, according to Xiniu Data, Daka Robotics completed equity financing for an undisclosed amount. Investors were Tianjin Yunshihaihebaifeng Private Equity Investment Fund Partnership (Limited Partnership), Lingchengweilai (Ningbo) Venture Capital Partnership (Limited Partnership), Jinshajiang Venture Capital, Shengshi Investment and others. The company is a developer and manufacturer of embodied AI robots.
Shenjimiaokong raises tens of millions of RMB in angel financing
On 2026-05-22, according to Xiniu Data, Shenjimiaokong completed angel financing, raising tens of millions of RMB. Investors were lead investor Enran Venture Capital, participating investor Hangzhou Kechuang Group, participating investor Xihuguangzi, participating investor Shanghai Tianshihui. The company is a developer of intelligent brain-computer interface products.
Wenzhoujushen Intelligence raises an undisclosed amount in equity financing
On 2026-05-22, according to Xiniu Data, Wenzhoujushen Intelligence completed equity financing for an undisclosed amount. Investors were Shenzhen City Youbixuan Technology Co., Ltd., Wenzhoushiouhai Technology Investment Co., Ltd., Wenzhouguotouguquan Investment Fund Co., Ltd., Wenzhoushigongyeyu Energy Development Group Co., Ltd. and others. The company is a developer of embodied AI robots.
Zhipuxinglian raises an undisclosed amount in equity financing
On 2026-05-22, according to Xiniu Data, Zhipuxinglian completed equity financing for an undisclosed amount. Investors were Suzhou Xinjianyuanshuzi Technology Co., Ltd.. The company is a developer of AI software.
Zhongshuruizhi raises RMB 30 million in strategic financing
On 2026-05-22, according to Xiniu Data, Zhongshuruizhi completed strategic financing, raising RMB 30 million. Investors were Yuegao Capital Holdings (Guangzhou) Co., Ltd.. The company is a one-stop provider of large model development and application services.
Lanjiangxingyuan raises an undisclosed amount in equity financing
On 2026-05-21, according to Xiniu Data, Lanjiangxingyuan completed equity financing for an undisclosed amount. Investors were Wuhushihongshengweilailingyu Venture Capital Fund Partnership (Limited Partnership). The company is a developer of embodied AI robots.
Modal exceeds USD 300 million annualized revenue, raises USD 355 million Series C
On 2026/5/21, Modal announced USD 355 million in Series C funding at a USD 4.65 billion post-money valuation. Annualized revenue exceeded USD 300 million, growing fivefold from 2025/9.
NanoCo raises USD 12 million in seed financing
On 2026-05-21, according to Xiniu Data, NanoCo completed seed financing, raising USD 12 million. Investors were lead investor Valley Capital Partners, Vercel, Monday.com, Slow Ventures and others. The company is a developer of Israeli AI AI agent.
OriginFlow raises RMB 500 million in Pre-Series A financing
On 2026-5-21, according to Xiniu Data, OriginFlow completed Pre-Series A financing, raising RMB 500 million. Investors were Monolith Lisi Capital, Puhua Capital, Yuanhepuhua, Yuanheyuandian and others.
Autoagents raises an undisclosed amount in Pre-Series A financing
On 2026-05-20, according to Xiniu Data, Autoagents completed Pre-Series A financing for an undisclosed amount. Investors were Taizhoushitianshi Investment Fund (Limited Partnership), Xiamen Tanjunyihao Investment Partnership (Limited Partnership), Beijing Wenxinggezhi Venture Capital Fund (Limited Partnership), Dongzheng Innovation and others. The company is a provider of enterprise AI agent technology.
Base44 reaches USD 150 million in ARR
On 2026/5/20, LinkedIn reported that Base44 disclosed annual recurring revenue (ARR) of USD 150 million in the AI Coding sector.
Beitawuxian raises hundreds of millions of RMB in seed financing
On 2026-05-20, according to Xiniu Data, Beitawuxian completed seed financing, raising hundreds of millions of RMB. Investors were co-lead investor Taiheshengquxincailiao Venture Capital Fund (Limited Partnership), co-lead investor Heli Capital, participating investor Yida Capital, participating investor Nanshanzhanxintou, other participating investors. The company is a developer of consumer embodied AI robots.
Chance AI raises millions of USD in angel financing
On 2026-05-20, according to Xiniu Data, Chance AI completed angel financing, raising millions of USD. Investors were lead investor Meitu, participating investor NYX Ventures, participating investor Alixi Investment Jigou, other participating investors. The company is a developer of visual AI agent technology and products.
Commure doubles ARR for three consecutive years, raises USD 70 million
On 2026/5/20, X reported that US healthcare AI infrastructure company Commure had doubled ARR for three consecutive years and raised USD 70 million at a USD 7 billion valuation, without disclosing absolute revenue.
Confido reaches eight-figure US dollar ARR
On 2026/5/20, LinkedIn reported that US consumer goods back-office automation platform Confido had reached eight-figure US dollar ARR, approximately USD 10 million at the minimum, maintaining double-digit month-over-month growth.
DuetChat reaches USD 180 thousand annual revenue run rate 1.5 months after launch
On 2026/5/20, X reported that US small business AI assistant DuetChat had reached a USD 180 thousand annual revenue run rate just 1.5 months after launch. It automatically handles replies, research and other tasks in Slack, Telegram and email.
Fyxer grows ARR from USD 1 million to USD 35 million in a year
On 2026/5/20, LinkedIn reported that UK company Fyxer had grown ARR from USD 1 million to USD 35 million within a year through 541 A/B tests, using AI to shorten experiment cycles from weeks to hours.
HiDream raises RMB 100 million in equity financing
On 2026-05-20, according to Xiniu Data, HiDream completed equity financing, raising RMB 100 million. Investors were Shen Venture Capital, Jinpu Investment, Caixin Capital, Fuju Investment and others. The company is a provider of multimodal generative AI large models.
ImagineArt reaches USD 45 million in ARR
On 2026/5/20, LinkedIn reported that ImagineArt disclosed annual recurring revenue (ARR) of USD 45 million in the AI Video & Image sector.
Kangweishijue raises an undisclosed amount in equity financing
On 2026-05-20, according to Xiniu Data, Kangweishijue completed equity financing for an undisclosed amount. Investors were Qingdao Chuanshangjunchuang Venture Capital Fund Partnership (Limited Partnership). The company is a provider of integrated AIOI solutions for the broader semiconductor industry.